Issue of Equity

88 Energy Limited

Issue of Equity

88 Energy Limited ("88E" or the "Company") confirms that it has today issued a total of 3,000,000

fully paid ordinary shares ("Ordinary Shares") pursuant to the exercise of options.

Application has been made for admission of 3,000,000 Ordinary Shares to trading on AIM, which is expected to occur on 24 March 2016. Following the issue of the Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 3,177,864,656 ordinary shares in issue, all of which have voting rights.

Media and Investor Relations:

Australia
88 Energy Ltd [e-mail] [phone]
Hartleys Limited As Corporate Advisor Mr Dale Bryan [phone]
United Kingdom
Cenkos Securities Plc As Nominated Adviser Mr Neil McDonald Tel: [phone]	Mr Derrick Lee Tel: [phone]